NICKVASS10

Vechain Wave Count, Potential to move higher

Long
BINANCE:VETUSDT   VeChain / TetherUS
Vechain continues to look very strong as the long term uptrend is well in tact and we can expect more upside towards long term targets as per previous post when Vechain was sitting around 5-7 cents. We maintain inside the Original pitchfork which is being adhered to very well, suggesting the uptrend is still in play. Looking at the long term wave count since lows of $0.008 in the PRIMARY WAVE 2 we can see that the PRIMARY WAVE 3 is far from over and we maintain inside the WAVE 3 of the PRIMARY WAVE 3. We are coming to a terminal move in the WAVE 3 OF 3 which we can expect to make new highs here. Looking at recent price action we seem to be building this final move of the WAVE 3 of PRIMARY 3 and we are currently in the start of such. We seem to have created a wave 1 into an ABC of this final move; of note the ABC was a running flat correction which is rare and seen in assets with strong buying demand and usually precedes extended or strong move in the opposite direction, intriguingly VET was one of the only ones to complete a running flat instead of making a new short term low. This is a bullish sign.

Next targets: $0.30, $0.34, $0.44
Long term ultimate target: ~1.618 fib extension at $0.6337

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